S.no	Name	ID	Password	Team member
1	Uroosa Jabeen	4210133927170	Abc123456$	Jawad Bashir
2	Dr Shafaq Saleem	4220122688386	3rcxnaxcph	Jawad Bashir
3	Maria D souza	4230115112202	ovveo4blew	Jawad Bashir
4	Abdul Basit Chaudary	4210139404737	Pakistan@123	Jawad Bashir
5	Sarwat	4220184034096	a5fgnsjl9b	Jawad Bashir
6	Imran	5210490422581	xhpgqhbosr	Jawad Bashir
7	Tanveer Ahmed	4230167155627	e2rh2lxapi	Jawad Bashir
8	Adeel Arain (tahira Anjum)	4230109749625	Pakistan@123	Jawad Bashir
9	Sharjeel Ahmed	4230128287781	Password_1	Jawad Bashir
10	Suneela Ahmed MAK	4200004057074	Suneela12345$	Jawad Bashir
11	Lal Baksh Abrar	4220118850407	nswaplpdqv	Jawad Bashir
12	Shakeel ahmed	4230129498311	Password_1	Jawad Bashir
13	Muhammad Saleem	4230159380155	yeb5krvtwo	Jawad Bashir
14	OMAR	4220181171235	Cdkcn7iihu*	Jawad Bashir
15	Mirza Nasir Iqbal	4210177346127	Pakistan@123	Jawad Bashir
16	Aliya Yousuf	4230101089972	akxuavuh3w	Jawad Bashir
17	Muhammad Aslam	3130224817765	zvuoxssrnu	Jawad Bashir
18	Mukesh	4150703412935	ucrbsg8sg1	Jawad Bashir
19	Zarina Qavi	4210114607200	xjwkyq7n5h	Jawad Bashir
20	ZohairUllah Qureshi	4220170527651	7ydzjose12	Jawad Bashir
21	Umme Hani Shaikh	4210143170656	alkys7bdx3	Jawad Bashir
22	Uzma Kashif	4230109783512	jtvlxyv1gd	Jawad Bashir
23	waqar abbas	4210161060717	P@kistan110	Jawad Bashir
24	Waqas Tahir Malik	3740509691459	Tahir@71245547	Jawad Bashir
25	zafar Jamil	4200005383773	zkhrkssodz	Jawad Bashir
26	Tasneem Mesiah	4230139476066	obxyydjxdx	Jawad Bashir
27	Syed Irfan	4210163640443	kjfbllddj6	Jawad Bashir
28	Syed Javed Akhtar	4240118805693	sji83bw567	Jawad Bashir
29	Syed Nafees Rais Rizwi	4210115864587	skv60cercq	Jawad Bashir
30	Syeda Qubra Bibi	4250113536904	ocqz1y3sr1	Jawad Bashir
31	ABDUL KARIM KHAN SHIRAZI	4250136171617	Karim12345$	Jawad Bashir
32	Sohail Ahmed	4220126758453	Pakistan@123	Jawad Bashir
33	Sumera Shirazi	4200017828740	Sumera12345$	Jawad Bashir
34	showana Fahad	4220163082314	Showana1*	Jawad Bashir
35	Shahnaz Mastoor	4210130777702	Shahnaz3123$	Jawad Bashir
36	Shahzad Jamil	4230109634093	Pakistan@123	Jawad Bashir
37	Shaista Ahsan	4210110035294	shAista1*	Jawad Bashir
38	Shabana	4220163082314	Showana1*	Jawad Bashir
39	Shafqat Masood	4250115859375	Pakistan@123	Jawad Bashir
40	shagufta	4210175857366	o9m3xfwanv	Jawad Bashir
41	Muhammad Naeem	4230110014659	NysybuvF	Jawad Bashir
42	shahana tariq khan	4230108614480	Pakistan@123	Jawad Bashir
43	Shaheen Munnawar (Ghulam)	4210114673382	3geeqtaxka	Jawad Bashir
44	Sadia Atif	4210102107280	dcumruzj5j	Jawad Bashir
45	Sadia Ejaz	4210171027572	mmaoogq3en	Jawad Bashir
46	Sajid Ahmed	4220151722231	yqckzjs6uf	Jawad Bashir
47	Saqib saeed and quratullain	4230145236045	saeed12345	Jawad Bashir
48	Rustam Iqbal	4210147832135	@Durvesh1	Jawad Bashir
49	S Murtaza	4210192336495	tox9xph8x5	Jawad Bashir
50	Saad Ahmed	4220180589309	f2owp63mwy	Jawad Bashir
51	sabin Basit	4210117011690	Pakistan@123	Jawad Bashir
52	Sadia Amir	4220117047508	mbptlhnypt	Jawad Bashir
53	rehan Mustafa	4220107036995	lyzaw3hsby	Jawad Bashir
54	Rehan Ref Faraz	4230142395737	9oaf3pjvak	Jawad Bashir
55	Rehana Rais	4210122241174	1z9kwbgspz	Jawad Bashir
56	rehmat shah	4250167708229	sllldcrlqa	Jawad Bashir
57	Rizwan bari	4220103377145	kzvb65sszr	Jawad Bashir
58	Obaid Ullah	4210139443973	oeygsqgkru	Jawad Bashir
59	Owais kabir	4210194474121	olisreqlyq	Jawad Bashir
60	Owais yameen	4210149570119	hm9wmizcaz	Jawad Bashir
61	Pireh Waqas	4230126161012	yaabghizko	Jawad Bashir
62	Rabia Aftab	4210188377618	eghah0ybsg	Jawad Bashir
63	Raees ur rehman	1350160544963	Pakistan@123	Jawad Bashir
64	Rahim Ali	4220134118485	rsrsnu5kmi	Jawad Bashir
65	Faaz	4210125721963	FAAZali!1	Jawad Bashir
66	Najam and Faaz (Salaried)	4210129613263	Najam12345$	Jawad Bashir
67	Nasreen Sheikh	4230107760364	Nasreen3123$	Jawad Bashir
68	Naveed Hashmi	4220107167697	Naveed_Hashmi80	Jawad Bashir
69	Nazli Nizami	4220106066168	uxoxrreux0	Jawad Bashir
70	Noman Baloch	4240155168677	ABcd@10576	Jawad Bashir
71	Muzaffar Ali	4210117902671	Sd4iO39j	Jawad Bashir
72	Nadeem ref Munnawar Iqra Uni	4220151217117	Nadeem@300	Jawad Bashir
73	Naeem Ahmed	4220107237385	lp1uaaixfs	Jawad Bashir
74	Mumtaz Iqbal (Rustam Iqbal)	4210165338102	@Mdurvesh1	Jawad Bashir
75	munnawar Iqra’	4220131911737	Shekjani@2002	Jawad Bashir
76	Murad Asif	4210117733895	hl9ijhj5ev	Jawad Bashir
77	Musarat qamar	4210114532710	5fa7phqljn	Jawad Bashir
78	MUSHTAQ AHMED	4230112402549	ithzwtneoq	Jawad Bashir
79	Mushtaq Ali Bhutto	4220107405409	smcnmyhrgq	Jawad Bashir
80	Mustafa Kamal	3230405888815	1a779i78i6	Jawad Bashir
81	Muhammad Jawaid Wakani	4230104500929	Pakistani	Jawad Bashir
82	Muhammad Shoaib Khan	4220143169975	vsyfjbewe1	Jawad Bashir
83	Muhammad Yahya Qasim Bawa farida	4200003045819	5kaldbsezp	Jawad Bashir
84	Muhammad Zafar Ullah Gondal	3630290258497	dwfjoaqgfw	Jawad Bashir
85	Muhammad Zaki	4210104728963	spzpu1yzgm	Jawad Bashir
86	Muhmmad Farooq Danawala	4220124038179	w4wcianlhx	Jawad Bashir
87	Muhammad Arif NPU	4210103469273	k8yidjr0uk	Jawad Bashir
88	muhammad hussain	4220184184537	Abdulahad123$	Jawad Bashir
89	Muhammad Idrees	4230110594749	cwwqfwtyfg	Jawad Bashir
90	Muhammad Iqbal	4210165964419	Pakistan@123	Jawad Bashir
91	Muhammad Javed	4220119292657	gspvefnwul	Jawad Bashir
92	Mohamamd Khawar	4220157891277	2bfudhvwgk	Jawad Bashir
93	Mohammad Iqbal onali	4220105242371	RECovery3/$	Jawad Bashir
94	Mohammad Ismail	4230110784495	oipv247o38	Jawad Bashir
95	Moin uddin	4210189275047	mohiuddin12345	Jawad Bashir
96	Momin Najeeb Khan	4210135607353	MOMOdaz17073!	Jawad Bashir
97	Muhammad Ali	4230162342261	p34fd0vxh0	Jawad Bashir
98	Mirza Ali Akhtar	4220121206493	mirza12345	Jawad Bashir
99	Kanzeez Abbas	4220110120636	i5pgeptoys	Jawad Bashir
100	Margaret	4230107388176	Pakistan@123	Jawad Bashir
101	M Farooq Gogan	4220110456653	wdgrcb0lpc	Jawad Bashir
102	M. Bilal	4220125816859	ynckfbge10	Jawad Bashir
103	M. Ovais	4230186949449	Ovais12345$	Jawad Bashir
104	Madiha Abbasi NPU	4220183030794	4otxeimlk6	Jawad Bashir
105	Major Hassan Azeez wife	3520252415788	krt8k5nymf	Jawad Bashir
106	khursheed  Ahmed (Ghulam)	4220112621979	Abc123*	Jawad Bashir
107	Khwaaja Muhammad Iqbal	4220190592215	ComplexPassword@1	Jawad Bashir
108	Lajbar khan	2110326247271	sq4ibpvh5c	Jawad Bashir
109	Jaswant essarani	4130698549453	flcqd4whkz	Jawad Bashir
110	Jawaid Louise	4210125611459	4osc6sithd	Jawad Bashir
111	Jawaid Moten	4130328139167	ep1gkfsukm	Jawad Bashir
112	Junaid	4210119175239	hgrqqqvgvi	Jawad Bashir
113	Sami	4200044293537	lcmdz51i2w	Jawad Bashir
114	Junaid Munnawar	4230112675161	Junaid123*	Jawad Bashir
115	Khalid Zia	4230103285323	p8Gxo85	Jawad Bashir
116	KHAWAR JAN JAPAN	4220157891277	2bfudhvwgk	Jawad Bashir
117	Imrana Bano	4220105986932	Pakistan@123	Jawad Bashir
118	Intesar sahab	4220194073033	hrsz2wwvwj	Jawad Bashir
119	Irfan Siddiqi	4210163640443	kjfbllddj6	Jawad Bashir
120	Ismail mastoor	4210174644119	ismail12345	Jawad Bashir
121	Izhan Pakages	4210117904205	Pakistan@123	Jawad Bashir
122	Hassan Car dealer	4220144551297	Hassan12345$	Jawad Bashir
123	Hina Sir Sharjeel	4210121551186	mix41gjqwr	Jawad Bashir
124	Ibrahim Freelancer web developer	4220106043989	plnfptajne	Jawad Bashir
125	Hamid Rizvi	4210138406375	Hamid9999@	Jawad Bashir
126	Harris (Salaried Case)	4210115634991	haris12345	Jawad Bashir
127	Harris Masood Zaki	9150901119143	Zaki@123	Jawad Bashir
128	Hasnain	4210120814267	pdzpohsgk6	Jawad Bashir
129	Fahmeeda Amanullah	4220195324430	ul6u6zbhuk	Jawad Bashir
130	farheen siddiqui	4210161817672	xwrt8zkgti	Jawad Bashir
131	Farida Amir	4230106551472	8dadfcd1	Jawad Bashir
132	Gulrukh Ahmed wife of Aamir Nayab	4250109164636	mbox7zq2jt	Jawad Bashir
133	Fahad Ali Khan (Non resident)	4130434192463	rwvqiggwio	Jawad Bashir
134	Haider Zaman	4230108989401	ztgxdiuvfr	Jawad Bashir
135	Comondore Jawad father	4250127682935	t5hau5secq	Jawad Bashir
136	Comondore Jawad Wife	4220103514256	rauixgt78z	Jawad Bashir
137	Fahad Yamin	4220102700209	rcm4jhemuf	Jawad Bashir
138	Dr Fariha Saddiq	4230109869274	docham@131177	Jawad Bashir
139	Dr Ghazala Asfar	4220105723314	Apple.123	Jawad Bashir
140	Azra Abid	4220154310818	spxawkz0e2	Jawad Bashir
141	Batool	4230163933064	wlsvljylsq	Jawad Bashir
142	Begum masooda sultana	4210157649730	Sultana@12345	Jawad Bashir
143	Arham Asfar	6110122995277	Arham12345$	Jawad Bashir
144	Arifa Nayab	4250162520978	s7rw6zlm23	Jawad Bashir
145	Ashir saeed	4220175607039	3pjkoxo6xs	Jawad Bashir
146	Asim Brother	4210192916783	w5vsof5ctn	Jawad Bashir
147	Asma Azeem NPU	4210116251086	6vlmfbev01	Jawad Bashir
148	Ayesha Malik	4220144857906	Ayesha3123$	Jawad Bashir
149	Anum Ahmed	4220144979630	bbmrkajlu8	Jawad Bashir
150	Anum Saeed	4230196559608	qk5nfoy4be	Jawad Bashir
151	Aqeel messihah	4230191543583	rle45wmkdm	Jawad Bashir
152	anwar Iqbal	4220148164993	Anwar12345$	Jawad Bashir
153	Arfana Quais	4210154182678	jmi7hwc3sa	Jawad Bashir
154	Amaad Traders	4230149674601	H$73760p21625_$	Jawad Bashir
155	Amir Ashraf	4220183185825	Pakistan@123	Jawad Bashir
156	Andrew Peter johan	4230115200241	byivkiptqw	Jawad Bashir
157	ALI IMRAN	4220117802825	Imran3123$	Jawad Bashir
158	Ali Saya	4220161959875	Alisaya12345$	Jawad Bashir
159	Alina Saeed	6110143619806	prsheypuwc	Jawad Bashir
160	ahmad madni	4210174252225	6folbf0mvz	Jawad Bashir
161	Abdul Azeem	4210113361609	Azeem1959	Jawad Bashir
162	Abdul Faheem	4200005272729	q9lcxzba3j	Jawad Bashir
163	Abdul Jawwad	4220149026831	q1rh6oqmls	Jawad Bashir
164	Abdul Qayyum	3520115221129	s2dj11xc7w	Jawad Bashir
165	Abdul Samad	4220159223551	0gzh8lkcgj	Jawad Bashir
166	Abdullah Molvi Sahab	4220197494153	fkhovyzu9u	Jawad Bashir
167	Abdur Rasheed	4230155579211	zxdgfputeg	Jawad Bashir
168	Afsheen zafar (NPU)	4220166829752	wi3qg4hinq	Jawad Bashir
169	Aamir Rais	4210129440171	l3thol1jaq	Jawad Bashir
170	Nasir waltec industry	4210146372641	Pakistan@123	Jawad Bashir
171	Aijaz Ahmed	4240119370153	Ajaz@2020	Jawad Bashir
172	Syed Hashim Ishaq	4230170356129	ell0u924xs	Jawad Bashir
173	Lajbar Khan	2110326247271	sq4ibpvh5c	Jawad Bashir
174	Sardar Ghaziani	4220105452979	0qocfrfkut	Jawad Bashir
175	Ghulam Abbass	4220141707135	Union@654	Jawad Bashir
176	Abdul Hameed	4220105050843	QFuwDZAr	Jawad Bashir
177	Waseem Danel	4220103491097	ivfk4c9dr5	Jawad Bashir
178	Rafaat	3210302805092	p5tt6tasoj	Jawad Bashir
179	Muhammad Saleem Fishri	4230191865753	saleem12345	Jawad Bashir
180	Parvesh Kumar	4330485527447	trh03chspz	Jawad Bashir
181	Khuwaja Muhammad Iqbal	4220190592215	ComplexPassword@1	Jawad Bashir
182	Muhammad Qasim	4200003045819	5kaldbsezp	Jawad Bashir
183	Fayyaz Thaheem Isl	4230114088551	Psuscip1@	Jawad Bashir
184	Dr Asif Mirza	4230110559923	Pakistan@123	Jawad Bashir
185	Haris ID PASS	4210115634991	haris12345	Jawad Bashir
186	Rashid	4250115061261	tzujluezhq	Jawad Bashir
187	Shaista Ali	4210110035294	shAista1*	Jawad Bashir
188	Muhammad Arif	4210103469273	k8yidjr0uk	Jawad Bashir
189	Muhammad Yousuf Shaikh	4210163936213	bdfkjrqzhe	Jawad Bashir
190	Ibrahim Software exporter	4220106043989	plnfptajne	Jawad Bashir
191	azra Abid	4220154310818	spxawkz0e2	Jawad Bashir
192	Sarwat Ashraf	4220184034096	a5fgnsjl9b	Jawad Bashir
193	Shamim Farooqui	4200003726891	2xmlg60qi3	Jawad Bashir
194	Hira Rizwan	4220192071512	b5xsccqbh0	Jawad Bashir
195	Tahira Fahad	4230113452248	ecwqozau0i	Jawad Bashir
196	Dr Wasim Qazi	4210171084275	Wasim123456$	Jawad Bashir
197	Nabil Mudasser	4220105886967	h5wAEYoE	Jawad Bashir
198	Asim Wasi co Sajid Hanif	4230124494765	mtm7h5lqzy	Jawad Bashir
199	Zubaida Qazi Wife of Mr Wasim Qazi	4210165093660	Zubaida123456$	Jawad Bashir
200	Shazia	4220113776754	Yamtooba123!	Jawad Bashir
201	Ali Abro	4230183484027	5rtwg8rnyn	Jawad Bashir
202	Sohail Ahmed Shaikh	4230163299939	blljwv3ia8	Jawad Bashir
203	Tahira anjum	4230108942948	bbzglb81sg	Jawad Bashir
204	Anum Saeed	4230196559608	qk5nfoy4be	Jawad Bashir
205	Azra ref tahira Anjum	4230108942948	bbzglb81sg	Jawad Bashir
206	Junaid Ahmed	4210162238801	1z0zuqixxy	Jawad Bashir
207	Sabin Abu Talib	4210117011690	Pakistan@123	Jawad Bashir
208	Fahad	4160105847777	pymu5cmm2z	Jawad Bashir
209	Fawad	4160105977861	bsjsdq46oz	Jawad Bashir
210	Dr Najia	4220196287604	Password/1	Jawad Bashir
211	Dr Aftab	4250114927643	kxb3tovw4s	Jawad Bashir
212	Zeenat Begum	4220165104386	sandnrn2	Jawad Bashir
213	Zafar Anwar	4220184069135	yt9wgk8i94	Jawad Bashir
214	Shaheryar Ali	4220193798629	Chemistry4*	Jawad Bashir
215	Amir Nayab	4250186545707	3DbD5GVV	Jawad Bashir
216	Saeed Meezan Bank	4200005743415	7k69sc2bc9	Jawad Bashir
217	Muhammad Waheed	4220105313181	F4020A19	Jawad Bashir
218	Rakhshanda rizwan	4220103015442	i0gj5uwy7p	Jawad Bashir
219	Abdul Hafeez KSA	4210140146423	Cheeta@007	Jawad Bashir
220	Fayyaz Family KSA	3520080077363	D4domain2003ESL@7866	Jawad Bashir
221	Ramla Fayyaz	3520202490386	8jzp3g7g5c	Jawad Bashir
222	Muhammad Shahid Sherieff	3520014916799	eq9tbdocql	Jawad Bashir
223	Mehmood Hassan KSA	4230109272413	Mehmood3123$	Jawad Bashir
224	Hina Shamim	4210197758102	ufixbag6r2	Jawad Bashir
225	Tayyaba WIfe of Farhan Munir	4210117869120	Fast@1153	Jawad Bashir
226	Mufti Aqeel Munir	4230187499713	Password/3$	Jawad Bashir
227	Numair Khan	4230150835019	Pakistan@123	Jawad Bashir
228	Farhan Munir	4210115760779	Fast@1153	Jawad Bashir
229	Hassan Ansari	4200054564733	jb8anyjtg6	Jawad Bashir
230	Faisal Waheed	4200065127193	FAisal1234$	Jawad Bashir
231	SANA Hussain	1720197608958	p9s5ewpbif	Jawad Bashir
232	taha Dossal	4220161638461	Taha3123$	Jawad Bashir
233	Asif Zia	4210117359099	Zia123456$	Jawad Bashir
234	Faisal Bin Mehmood	4210123863307	oaei7ywsat	Jawad Bashir

Fbr rates for property in Pakistan is hot issue these days as FBR has recently made upward revision in already prescribed FBR rates.

We believe most of our readers have an understanding of FBR prescribed rates for valuation of Immovable properties. For those who are not clear about these rates, following a detailed information about these rates and why these rates were introduced.

Why there are FBR rates for property

Cost of any asset we purchase or expense we incur has direct connection with FBR, as it is FBR’s duty to be satisfied whether the money used to buy those assets or fund those expenditures were properly taxed at first stage (at the stage when this money was earned). In case there is any indication that buyer is not taxpayer / non filer then it creates doubts about whether the money is tax-legal. So FBR can initiate action against the buyer. We understand that it is not necessary that all buyers should be taxpayers or filers there are exceptions available within the law itself.

So FBR can initiate action against the buyer. We understand that it is not necessary that all buyers should be taxpayers or filers there are exceptions available within the law itself.

Keeping you in above narrated scenario, you would agree that the single most important thing would be the value of that asset or expenditure as in case of underdeclaration, FBR would not be able to investigate the tax leakage.

Lets understand this by an example.

Lets assume Mr. A has been taxpayer but he usually understate his income by 50% i.e. if he earns Rs 1,000,000/- he declares only Rs 500,000/- and remaining routed off the records cash or benami transactions. By doing this Mr. A has accumulated a wealth of Rs 5,000,000/- but officially has only Rs 2,500,000/= (due to underdeclaration). If Mr. A buys any asset worth Rs 5,000,000/= the FBR may questions the difference of Rs 2,500,000/= since FBR records shows Mr A’s worth as Rs 2,500,000/-.

Lets assume Mr. A has been taxpayer but he usually understate his income by 50% i.e. if he earns Rs 1,000,000/- he declares only Rs 500,000/- and remaining routed off the records cash or benami transactions. By doing this Mr. A has accumulated a wealth of Rs 5,000,000/- but officially has only Rs 2,500,000/= (due to underdeclaration). If Mr. A buys any asset worth Rs 5,000,000/= the FBR may questions the difference of Rs 2,500,000/= since FBR records shows Mr A’s worth as Rs 2,500,000/-.

Now here comes the role of real estate market, which has been favourite arena for tax-evaders. In Pakistan immovable property has to be registered with registration authority where value is taken as higher of actual deal rate or rates as per registration authorities’ own books. For example in Sindh, if any property is transferred revenue department would compare the actual deal rate (communicated by buyer / seller) with rates as per their books (as per Sindh provincial law) and choose higher of two to apply registration / transfer charges.

We understand that these rates were introduced to curb underdeclaration of immovable properties rates. For example if any property is Rs 1 million as per provincial books but actual deal is executed at Rs 2 million then Rs 2 million (Higher of Rs 1 million or Rs 2 million ) would be considered for registration / transfer charges.

It is not difficult to manipulate actual deal rate for example in above example if buyer / seller intentionally under-declare their deal rate to as low as Rs 100,000/- even then the system would consider Rs 1,000,000/- (being higher of Rs 100,000 or Rs 1,000,000) for all official purpose i.e. registration / transfer etc.

However this Rs 1 million was required to be updated from time to time so that any manipulations by buyer /seller would not have any effects on Government’s Revenue. Unfortunately those provincial rates were not updated and the situation become weird as provincial values are very low when compared with actual market of immovable properties.

Buyers / sellers were taking advantage, of this legal delay in update of values, by declaring lower rates of actual deal.

The most problematic part was not the registration / transfer charges the Government was losing due to this delay in value update, but the value to considered for the purpose of reconciliation by FBR of the taxed earned money was also the same provincial value. FBR despite knowing that the person cannot purchase any particular asset, due to his low wealth position, was not able to take action as the values were supported by provincial authority, and FBR was not empowered to go against those rates as per Income Tax law.

In this way tax evasion, was to some extent, took support from provincial law. However in the year 2016, Federal Government feeling the loss caused due to this tax leakage started its efforts to streamline provincial authorities immovable properties rate in line with market rates which was declined by Provincial authorities.

Resultantly, FBR traveled long route of prescribing FBR rates for property in almost all areas in Pakistan (however these do not cover whole Pakistan but major cities). These published rates are applicable for collection of Federal levies at the time of registration / transfer of immovable properties.

Initially, immovable properties rates for major cities in Pakistan were published in the year 2016 in the month of July. However these rates were not equal to the market rates but were representative of almost 30% to 40% of the actual market rates which were somehow better than the provincial rates.

However after lapse of almost two and half years the Government felt the need to revise these rate in upward direction.

For immovable properties rates as prescribed the year 2016 please refer our post Click here

City-wise FBR rate for property 2019-20

Rawalpindi

Jhang

Gujrat

Sukkur

Sialkot

Sargodha

Sahiwal

Quetta

Peshawar

Multan

Mardan

Lahore

Karachi

Jhelum

Islamabad

Hyderabad

Gujrat

Gujranwala

Faisalabad

Abbottabad

Bahawalpur

If you are searching for Tax applicable on rental income from property in Pakistan, your search ends here on this post.

Amendment made in income tax law through Finance Act, 2019 results in addition of more slab rates applicable to rental income of property.

No income tax is applicable for annual rent income which is equal to or less than Rs 200,000/-

In case the tenant is withholding agent for tax purpose, he will deduct tax according to the following slab at the time of payment of rent.

Tax rates applicable on rental income (also Withholding tax rates)

SNo	Gross amount of Rent	Applicable rate (For individual & AoP)
1	Does not exceed Rs 200,000	Nil
2	Rs 200,000 to Rs 600,000	5% of the gross amount exceeding Rs 200,000
3	Rs 600,000 to Rs 1,000,000	Rs 20,000 + 10% of the gross amount exceeding Rs 600,000
4	Rs 1,000,000 to Rs 2,000,000	Rs 60,000 + 15% of the gross amount exceeding Rs 1,000,000
5	Rs 2,000,000 to Rs 4,000,000	Rs 210,000 + 20% of the gross amount exceeding Rs 2,000,000
6	Rs 4,000,000 to Rs 6,000,000	Rs 610,000 + 25% of amount exceeding Rs 4,000,000
7	Rs 6,000,000 to Rs 8,000,000	Rs 1,110,000 + 30% of amount exceeding Rs 6,000,000
8	Exceeding Rs 8,000,000	Rs 1,710,000 + 35% of amount exceeding Rs 8,000,000

(Source: Finance Act, 2019 effective from 1^st July 2019 to 30 June 2020)

Illustration

Case I

In case rent of building is Rs 25,000 per month which means annual rent of Rs 300,000/- it will fall under 2^nd slab and annual tax shall be Rs. 5,000 [5% of 100,000]

Case II

In case rent of building is Rs 170,000 per month which means annual rent of Rs 2,040,000/- it will fall under 5^th slab and annual tax shall be Rs. 218,000 [20% of 40,000 + Rs 210,000]

Beneficial or not?

One may be curious to know whether the amendment as aforesaid and revised rates are beneficial or cruel to the taxpayers, so they would be happy to know that revised rates are carefully aligned with previous regime where income was taxed on NET basis. Average rate of tax in this regime is 3% to 11%.

You may contact us for any query or tax advice.

Sales tax registration process has been recently simplified by FBR. This post is going to be a pain reliever for many small and medium business owners who are unregistered for sales tax purpose and the companies they buy products stopped selling goods to them due to their unregistered status.

The Government in its latest Budget i.e. Budget 2019 or Finance Act, 2019 made commendable efforts for documentation of economy. However some sectors of the economy believes that these measure are abruptly introduced by the Government, without denying the need for documentation they believe the implementation of these measure could be made in steps wise setup.

Without being biased on the Government’s step or the reaction of those steps by the business community we believe that the Government is simultaneously facilitating the people for implementation of it documentation of economy drive.

One of the facilitations provided, which we believe ‘Pain reliever’ is simplification of Sales tax registration process and removal of human intervention from the process. However minimal involvement of FBR officials is still there in the form of physical site verification but this is done after approval of registration which means it does not hurdles your business, you can start your business transactions from the very moment you got registration.

Before this simplified process for sales tax registration, business owners had to work both ways i.e. official and unofficial way to get it done. Further the time to get registration for other than manufacture business was not less than 15 days and for manufacturing business registration it was 30 days to say the least. Pertinent to mention that during this period you were not allowed to transact your business legally which includes sale, purchase and import of goods or machinery.

One can understand the pain of restriction on business when business owners are all-ready to get registration. What was taking that much time for registration of business ‘willing’ to get registration?. The answer to this question is well known to FBR, all we know is that the same registration is done in minutes after the introduction of this new process.

So, coming to the new system, lets discuss briefly about the process and time required.

Process for sales tax registration :

The process starts with online application for which you need following

1.            Two Pictures of Office / Shop / Warehouse (One from outside)

2.            Picture of electric meter

3.            Electricity bill

4.            Business Bank Account maintenance certificate

5.            Pictures of Plant and Machinery (only in case of Manufacturer)

6. Code received on mobile of any of the selected Director of the Company (only in the case of Company)

Note: Location services must be “on” in your mobile while taking photos

Time required for sales tax registration:

1 hour. For manufacturer and non-manufacturers.

After sales tax registration compliance:

1. Once registration is complete and sales tax registration number is allotted within 30 days, you will need to visit any NADRA center for bio-metric verification, in case of company the selected director’s visit is required. This is very important step as the consequence of not doing this step will make your registration ‘inactive’ which will expose you to the same old methods of getting things done officially or unofficially to make your registration active again. So it’s very important to get this step done as soon as possible within 30 days of registration.

2. Monthly sales tax return filing After registration, sales tax return filing becomes mandatory even if there is no activity or you got registration on the last day of the month. You will need to calculate your sales payable (if any) on 15th day of the month subsequent to registration and file sales tax return on 18th day of the month subsequent to sales tax registration.

3. Facilitate visit by FBR officials Even in the new process, in the case of manufacturers, FBR officials would visit the manufacturing site (day, time the name of person visiting would be informed in advance to avoid any confusion or mal-practice). Physical inspection thing is fair enough in view of mal-practices business owners do, for example there are many cases discovered by FBR where there was no manufacturing facility was available and the registered person was enjoying benefit that are available to a manufacturing concern only.4. Reply to any notice issued by FBR. Notices from FBR should be respected and taken seriously as FBR is one the most powerful fiscal authorities in Pakistan further being Government’s functionary it should be treated with priority. Having said that, the Sales Tax Act, 1990 requires every registered person to provide any information that may be requested by FBR from time to time. In case of non-compliance penalty as well as other repercussions will follow. We tried to cover major difficulty areas for sales tax registration or FAQs related to the subject.

Caution

Nonetheless, our readers are requested to seek professional advice before concluding anything based on the information provided above. Before closing this post, we feel it appropriate to inform that the new process has all good things to do, however there is no option of modification therefore you need to do it correctly in the very first time. You may contact us for more information.

Draft for Income Tax return form 2019 is available for testing purpose which means it cannot be submitted at this stage, however once expected formula errors are corrected by FBR the return shall be ready for submission.

To have look on the returns as proposed by FBR please follow the link to FBR official website

Click here for Income Tax return for Company

Click here for Income Tax return for Salaried Individuals , Business Individuals and Association of Person

It is misconception in Pakistan that return filers are generally questioned more than anyone else, there may be other reasons for this, but in our 25 years of practice we generally encounters issues created by tax filers for their own selves due to “incorrect” tax filing inviting FBR to take action.

When comes to tax filings, there is certain group who dont prefer to file it at all.

However there are filers as recently FBR announced surprisingly great increase in Tax filers, however the question whether they are confident about their tax filings is unanswered in many cases.

In many cases, simple transactions are carelessly declared by novice consultants or by taxpayers themselve resulting in undue notices.

This creates overall bad impression that FBR issues notices to FILERS however this not correct when Income Tax return with errors is filed.

Therefore we believe one should be very careful while filing his / her income tax return to avoid tax notice, as tax filing does not automatically qualifies it to be “Correct” filing, your Income tax return has to pass the test of assessment by FBR.

For more information please watch the attached video or contact us.

This document contains amendments made in relevant laws through Finance Act, 2019 (i.e. Tax year starting from 1 July 2019 to 30 June 2020) in Income Tax, Sales Tax, FED and Customs law.

We at Sharjeel Ayub & Co (Sayub) made an effort to present above mentioned amendments in simplest possible form so that readers get an understanding for proper tax planning.

Sayub comments contained in the documents represent our views / interpretations of the amendments therefore should not be taken conclusive on legal ground without our prior advice.

We sincerely believe that this document is simple and as precise as possible nevertheless, you may ask for further details by contacting us.

This is May 2019 which is the second last month of the tax year 2019, and FBR is doing much needed action which is to REMIND the tax filers who missed to file their Tax returns to FILE all previous returns so as to avoid avoidable penalty for late filing. Please note that there is a minimum penalty of Rs 20,000/- ( Rupees Twenty Thousand Only) in case return is filed late thats not complete here there is an additional per day penalty @0.1% tax due. Therefore each passing day has its consequence of increasing penalty amount. However this additional penalty can be avoided.